Mahmoud Abdallah

Mahmoud Abdallah
Published articles: 3776

About Mahmoud Abdallah

Mahmoud has been working fulltime in the Foreign Exchange markets for 12 years. Offers his analysis, articles and recommendations at the most renewed Arabic websites specialized in the global financial markets, and his experience gained a lot of interest among Arab traders. Works on providing technical analysis, market news, free signals and more with follow up for at least 12 hours a day, and aims to simplify forex trading and the concept of trading for his audience.

Snapshot

Latest 10 Articles

The pound sterling has settled around $1.25, while the US dollar remains near its November peak, supported by expectations of a more cautious stance from the Bank of England compared to the US Federal Reserve on monetary policy.

It seems that this week has been the most action-packed for the Japanese yen in the forex market since the start of trading this week.

The EUR/USD pair remained steady around 1.0715 despite the US Federal Reserve's announcement and comments from Fed Chair Jerome Powell.

Gold futures rose after the Federal Reserve left US interest rates unchanged and insisted that the next policy decision would not include a rate hike.

The dollar resumed its advance ahead of the Federal Reserve statement later today after early week losses that had pushed GBP/USD to resistance at 1.2570 and back into its broader bearish channel to support at 1.2467 at the time of writing.

According to yesterday's trading, the Japanese yen failed to maintain its upward rebound against the US dollar and trimmed some of its sharp gains at the beginning of the trading week.

The EUR/USD price quickly gave up its gains yesterday, which reached the resistance level of 1.0735.

Gold prices settled below $2300 an ounce on Wednesday trading, hovering near a four-week low as investors turned cautious ahead of the Federal Reserve's policy decision amid concerns it will keep US interest rates high for an extended period.

During recent Forex trading, the GBP/USD exchange rate recovered last week but was unable to maintain the 1.25 level.

Currency traders are warning that the Japanese government may need to repeatedly act to support the beleaguered yen as economic forces are likely to continue to weigh on its value.

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